Senior Schemes Pricing Analyst

AXA Insurance Plc; United Kingdom; Hybrid; GBP 50,000 - GBP 70,000; Full time

Job summary

A leading insurance provider in the United Kingdom is hiring a Senior Schemes Pricing Analyst to lead pricing analysis and support profitable growth. The analyst will utilize data insights and technology for decision making within the Commercial Schemes Team. Ideal candidates will have a degree in mathematics or statistics, strong programming skills, and be capable of communicating complex ideas clearly. This role comes with a competitive salary and benefits including a contributory pension scheme and flexible working arrangements.

Benefits

Competitive annual salary

Annual company & performance-based bonus

Contributory pension scheme (up to 12% employer contributions)

Life Assurance (up to 10 x annual salary)

Private medical cover

25 Days annual leave plus Bank Holidays

Opportunity to buy up to 5 extra days leave

Wellbeing services & resources

AXA employee discounts

Qualifications

• Proven experience working within a team, collaborating successfully with peers.
• Highly organised with ability to meet tight deadlines.
• Strong analytical skills and ability to deliver evidence-based recommendations.

Responsibilities

• Lead pricing analysis and reviews to support profitable growth.
• Develop data reports and key performance measures.
• Build robust analysis models to support decision-making.
• Validate and reconcile exposure and claims data.
• Create strong relationships with Scheme Underwriters.

Skills

Good programming skills (e.g., SAS, R, Python)

Strong understanding of technical pricing

Excellent communication skills

Problem-solving skills

Self-motivated

Education

Degree in mathematics, statistics, or business-related subject

Tools

Databricks

Power BI

Job description

We're seeking a proactive and analytical Senior Schemes Pricing Analyst to lead pricing analysis and reviews, providing valuable insights and recommendations that support profitable growth. You'll leverage data insights and innovative technology to enable data-driven decision making within the Commercial Schemes Team.

At AXA we work smart, empowering our people to balance their time between home and the office in a way that works best for them, their team and our customers. You'll work at least two days a week (40%) away from home, moving to three days a week (60%) in the future. Away from home means either attendance at one of our office locations, visiting clients or attending industry events. We’re also happy to consider flexible working arrangements, which you can discuss with Talent Acquisition.

What you’ll be doing:

• Take an active role in the commercial lines transformation project where required, supporting the development of schemes capability on the next generation of platforms, data and modelling systems.
• Ensure data and pricing tasks are completed to appropriate standards and timelines; ensuring delivery drives profitable growth.
• Develop data reports using Scheme bordereau to produce key performance measures and dashboards, with high quality accurate outputs with creativity that brings the data to life.
• Build robust analysis models to support decision making for different lines of business and distribution and review analysis produced by more junior Analysts.
• Validate, maintain and reconcile exposure and claims data, transforming the data to be ready for analysis.
• Support the build and maintenance of the rating specifications for technical pricing and work with Scheme Underwriters to ensure they are kept up to date.
• Use external data to augment existing data to find new commercial insights that may improve profitability.
• Understand the regulatory environment and ensure any pricing reviews fully take these into account.
• Create strong relationships with the Scheme Underwriters and peers across the company and take the lead to share best practice.
• Work closely with the wider Pricing and Underwriting teams to deliver pricing projects and new initiatives as required.

We know that some candidates may be discouraged from applying if they don't meet every requirement. If you’re excited by this job and the prospect of working at AXA but you’re not sure you tick every box, we’d still encourage you to apply.

What you’ll bring:

• A degree in mathematics, statistics, or a business-related subject, or qualified through relevant work experience.
• Good programming skills are an advantage, with experience in tools such as SAS, R, or Python, along with familiarity of Databricks and Power BI.
• Strong understanding of technical pricing and problem-solving skills, with the ability to deliver well-reasoned, evidence-based recommendations of high quality.
• Excellent communication skills, capable of conveying complex ideas clearly and concisely to diverse audiences.
• Self-motivated with a positive attitude and a proactive approach to work.
• Highly organised, with the ability to work effectively under pressure and meet tight deadlines.
• Proven experience working within a team, collaborating successfully with peers to achieve shared objectives.

As a precondition of employment for this role, you must be eligible and authorised to work in the United Kingdom.

What we offer:

• Competitive annual salary
• Annual company & performance-based bonus
• Contributory pension scheme (up to 12% employer contributions)
• Life Assurance (up to 10 x annual salary)
• Private medical cover
• 25 Days annual leave plus Bank Holidays
• Opportunity to buy up to 5 extra days leave or sell up to 5 days leave
• Wellbeing services & resources
• AXA employee discounts

To apply, click on the ‘apply for this job’ button, you’ll then need to log in or create a profile to submit your CV. We’re proud to be an Equal Opportunities Employer and don’t discriminate against employees or potential employees based on protected characteristics. If you have a long-term condition or disability and require adjustments during the application or interview process, we’re proud to offer access to the AXA Accessibility Concierge. For our support, please send an email to [e-mail].

Who we are:

AXA Commercial protects businesses, from multinationals to micro start-ups, giving them the confidence to thrive. We’re currently making our biggest ever investment to develop the expertise and skills we need to be the best. We’re a vibrant community where everyone is supported to learn, develop, and take ownership of their work.